03/06/2020: COVID-19 Impact on the Shilling
The Ugandan Shilling experienced a significant decline in value due to the economic impact of the COVID-19 pandemic.
24/10/2018: 50 Ngultrum commemorative banknote issued
A special commemorative banknote of 50 Ngultrum was issued to celebrate the 50th Birth Anniversary of His Majesty Jigme Khesar Namgyel Wangchuck.
28/10/2013: 1000 Ngultrum banknote issued
A new denomination of 1000 Ngultrum banknote was introduced, reflecting the growing economy and need for larger denomination currency.
01/09/2013: Withdrawal of Old Currency Series
The old series of Ugandan Shilling notes were phased out and replaced with the new currency series.
09/06/2011: Second series of Ngultrum banknotes issued
The second series of Bhutanese Ngultrum banknotes were issued, featuring improved security features and updated designs representing Bhutan's unique culture.
01/07/2010: Issue of New Currency Series
Uganda issued a new series of currency notes with enhanced security features to reduce counterfeiting.
21/11/2006: Introduction of polymer banknotes
Polymer banknotes were introduced in Bhutan, replacing the older paper banknotes, to enhance durability and security of the currency.
02/05/2003: Introduction of Coins
Uganda introduced coins denominated in Shillings to replace lower-value notes and facilitate transactions.
04/03/1992: First series of Ngultrum banknotes issued
The first series of Bhutanese Ngultrum banknotes were issued in denominations of 1, 5, 10, 20, 50, and 100 Ngultrum, showcasing Bhutanese culture and landmarks.
15/05/1987: Introduction of the 500 Shilling Note
A new 500 Shilling note was introduced to combat the rapid inflation and devaluation of the currency.
31/12/1975: Establishment of the Royal Monetary Authority of Bhutan
The Royal Monetary Authority of Bhutan was established as the central bank of Bhutan, responsible for managing the Ngultrum currency.
31/05/1974: Introduction of the Bhutanese Ngultrum
The Bhutanese Ngultrum was introduced as the official currency of Bhutan to replace the Indian Rupee.
05/08/1972: Idi Amin's Currency Change
President Idi Amin ordered the demonetization of old Ugandan Shilling notes and replaced them with new ones, causing an economic crisis.
15/06/1966: Introduction of the Ugandan Shilling
The Ugandan Shilling was introduced as the official currency of Uganda following its independence from British colonial rule.